The bill proposes an amendment to Chapter 45-2 of the General Laws, specifically adding a new section that authorizes the city of Newport to impose a nine percent (9%) amusement excise tax. This tax would apply to the purchase of tickets or admission fees for amusement events held by entities within the city that have sold over one hundred thousand (100,000) tickets in the year prior to the imposition of the tax. The revenue collected from this tax is designated for use in public infrastructure and public safety improvements only.

The bill clarifies that the new amusement tax is in addition to any existing sales tax and outlines exemptions. Entities with fewer than 100,000 total ticket sales in the year before the tax imposition and theater or movie theater ticket sales are not subject to this tax. The term "amusement event" is defined to include activities such as concerts, games, rides, or sporting events that charge a ticket or admission fee for entertainment purposes. The city council of Newport is tasked with enacting ordinances and promulgating rules and regulations to implement the provisions of this section. The act would take effect immediately upon passage.